Subject Area: spare parts inventory bias Recently, in a series of unconnected conversations, I was struck by how each speaker focused on some specific aspect of spare parts management that, to them, indicated how well (or poorly) they were doing in this area. For example, viewing a single event (such as a stock out) as […]
The Top 5 Spare Parts Management Mistakes
Subject Area: spare parts management mistakes Spare parts management is a crucial aspect of any organization that relies on machinery or equipment to operate. However, many organizations make mistakes when managing their spare parts inventory, which lead to increased costs, reduced efficiency, and even unnecessary downtime. In this article, I discuss the top 5 mistakes […]
Is Stock Turns the OEE of Spare Parts Management?
Subject Area: Stock Turns In operations management there are many metrics that are used to measure operational performance. One of the most popular is OEE – Overall Equipment Effectiveness. OEE measures the productive operating capacity of plant and equipment, compared to the theoretical maximum capacity of that plant and equipment. That is, OEE measures the […]
The Importance of Spare Parts Management Relationships
Subject Area: Spare Parts Management Relationships Why is it that almost all training and literature relating to spare parts management focuses on the technical and supply chain issues? You know the sort of thing: calculating stock levels, optimization, data management, dealing with excess and obsolete stocks, planning and scheduling effects. All important stuff but what […]
Will Artificial Intelligence End My Career?
Subject Area: Artificial Intelligence ChatGPT was released for public access in November 2022 and since then reports and updates have been constantly in the media. Depending on your perspective this has led to either alarm or excitement. In the world of schooling and academia there appears to be alarm, as students can use AI to […]
Spare Parts Management Habits – Are They Limiting Your Results?
Subject Area: Spare Parts Management Habits 100% online Study at a pace and place that suits you The Advanced Spare Parts Management Course covers all the issues faced during the spare parts inventory management lifecycle. Completing this course equips you with the know-how and skills to effectively manage all aspects of spare parts inventory. […]
Work on your Spare Parts Management Process, Not the Results
Subject Area: Spare Parts Management Process “Before you throw more time at the problem, throw more focused action at the problem.” ‘Focused action’ are the key words. Don’t try and solve all problems all at once. Pick one area or issue that needs addressing and work on that. Focus on solving that problem. In many […]
Peace of Mind Guarantee
Unsure which course is right for you? Don’t worry, we offer a peace of mind guarantee. Here’s how it works. ‘Advanced’ >>>> ‘Pro’ If, after joining the Advanced Course, you decide to upgrade to the Pro level, you can do that at any time during your Advanced Course access. When upgrading you then […]
Are You Stuck in the Vicious Cycle of Capital Management?
What is the focus of your spare parts management – capital management or inventory management? Are you stuck in the vicious cycle of capital management with your spare parts inventory? This video discusses the results of a recent poll and the implications of the choices that people are making. […]
Introducing the Spare Parts Training Academy
The Spare Parts Training Academy teaches simple, actionable, step-by-step strategies and tools that enable people to make better decisions and generate improvements in spare parts inventory management and optimization. This is achieved by utilizing both self-directed and instructor-led training methods. The Spare Parts Training Academy also utilizes a state-of-the-art online training learning management system to […]